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Posted Tue, 22 Nov 2022 19:47:29 GMT by Mat963
Hi I received funds in France as beneficiary from a life insurance subscribed by my grand Father who passed away. These funds are not taxable in France under French law. Do I need to declare them on my self assessment and are they taxable if I transfer the funds to the UK?. I am a UK resident. Regards.Matt
Posted Thu, 24 Nov 2022 16:03:52 GMT by HMRC Admin 20
Hi Mat963,

There are no tax implications on the giving or receipt of cash gifts, but you may wish to speak to inheritance tax regarding any inheritance tax implications
How Inheritance Tax works: thresholds, rules and allowances
and
Inheritance Tax: general enquiries

Thank you.

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